Yahoo Falls as Sales Forecasts Miss Some Analysts’ Estimates
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Yahoo! Inc. shares dropped the most since August after the largest U.S. Web portal gave first-quarter and full-year sales forecasts that fell short of some analysts’ projections.
Revenue in the current period, excluding the portion passed on to partners, will be $1.07 billion to $1.10 billion, Yahoo said yesterday in a statement. That was shy of the $1.12 billion average predicted by analysts. Sales on that basis in 2013 will be $4.5 billion to $4.6 billion, compared with analysts’ average $4.59 billion estimate.